Form 4: Regal Rexnord Director Crandall Receives Stock Units
SEC Form 4 Filing
Director Theodore D. Crandall acquired 1,056 shares of Regal Rexnord Corp. common stock through restricted stock units on May 9, 2024.
Summary
- On May 9, 2024, Theodore D. Crandall, a director of Regal Rexnord Corp., acquired 1,056 shares of common stock.
- This acquisition was in the form of restricted stock units granted under the 2023 Omnibus Incentive Plan.
- The restricted stock units will vest on May 9, 2025.
- Following the transaction, Crandall directly owns 7,263 shares of Regal Rexnord Corp. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of shares by a director is generally viewed positively, but it's not a major event.
Positives
- The acquisition of shares by a director signals confidence in the company's future.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.
Stakeholder Impact
- The transaction may have a slightly positive impact on shareholder sentiment due to the director's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of transaction: Crandall acquired 1,056 shares of common stock. |
| 05/09/2025 | Vesting date of the restricted stock units. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
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